In a major boost for Prime Minister (PM) Narendra Modi's ambitious 'Startup India' programme, the total number of startups enrolled under the programme have touched 24,927, which is almost thrice the figure of 8,939 startups enrolled as of March 2018, reports Financial Express.
The Department for Promotion of Industry and Internal Trade (DPIIT) is said to be recognising and enrolling 26 startups per day into the flagship initiative of the Modi government.
Maharashtra with 12,064 followed by 10,272 startups in Delhi and Karnataka with 7,635 startups are the top 3 ecosystems with DPIIT-recognised startups in India.
DPIIT in its Vision document had targeted 50,000 new startups, 20 lakh direct and indirect jobs by 2024, 500 new incubators and accelerators, 100 innovation zones in urban local bodies and seven research parks operational to support innovative startups.
The department had also proposed allocating entire corpus of Rs 10,000 crore Fund of Funds along with enhancing CSR funding to incubators.
DPIIT had also said about establishing an India Startup Fund of Rs 1,000 crore for technology startups and another Rs 1,000 crore in seed funding to startups.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.